Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Rolling Segment - SEBI - MRD/DoP/SE/Cir-10/06

GENERAL MANAGER MARKET REGULATION DEPARTMENT MRD/DoP/SE/Cir-10/06 August 22, 2006 The Executive Directors/Managing Directors/ Administrators of all Stock Exchanges Dear Sir/Madam, Sub: Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Rolling Segment 1. It is observed from the information provided by the depositories that the companies listed in Annexure A have established connectivity with both the depositories on or before 31.05.2006. 2. The stock exchanges may consider shifting the trading in these securities to rolling settlement subject to the following : a) At least 50% of non-promoter holdings as per clause 35 of Listing Agreement are in demat mode before shifting the trading in the securities of the company from TFTS to rolling settlement. For this purpose, the listed companies shall obtain a certificate from its Registrar and Share Transfer Agent (RTA) and submit the same to the stock exchange/s. However, if an issuer-company does not have a separate RTA, it may obtain a certificate in this regard from a practicing Company Secretary/Chartered Accountant and submit the same to the stock exchange/s. b) There are no other grounds/reasons for continuation of the trading in TFTS. 3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly/Quarterly Development Report. Yours faithfully, D RAVI KUMAR Encl: a/a S.NO NAME OF THE COMPANY ISIN 1. ASHIANA AGRO INDUSTRIES LIMITED INE709D01012 2. AVIVA INDUSTRIES LIMITED INE461H01011 3. BCL FORGINGS LIMITED INE528H01017 4. BEARDSELL LIMITED INE520H01014 5. BHILWARA TEX-FIN LIMITED INE345H01016 6. C. G. IMPEX LIMITED INE060F01015 7. CHAMPAGNE VINEYARDS LIMITED INE525H01013 8. CKORAMAANDEL CEMENTS LIMITED INE333H01012 9. ELLORA PAPER MILLS LIMITED INE384H01015 10. GTN TEXTILES LIMITED INE302H01017 11. MARG CONSTRUCTION LIMITED INE941E01019 12. MEHTA SECURITIES LIMITED INE241B01010 13. REGALIAA REALTY LIMITED INE098H01011 14. SUDITI INDUSTRIES LIMITED INE691D01012 15. UNITED VAN DER HORST LIMITED INE890G01013